Your behavior appears to be a little unusual. Please verify that you are not a bot.


Mellott Company sold to MFG Partners

By |  October 20, 2021

Logo: Mellot Company

Mellott Company, a longstanding company within the aggregate industry, was acquired by MFG Partners and PNC Mezzanine Capital.

MFG is a private equity firm based in New York, and it completed the deal in partnership with PNC. Terms of the transaction were not disclosed.

Mellott Company, founded in 1920, is headquartered in Warfordsburg, Pennsylvania. The company provides aggregate processing services and equipment, offering service and repair, engineering and fabrication, and contract crushing.

“We have achieved more than 100 years of operations as a family company and look forward to the partnership with MFG to continue our legacy of safety, integrity, commitment, respect and excellence to all of our stakeholders,” says Paul Mellott Jr., chairman of Mellott Company.

Jeff Mizrahi, partner at MFG, also expressed excitement over the acquisition.

“Mellott represents a compelling opportunity to acquire the leading aggregates services and equipment provider with a premier reputation built over 100 years of industry service and four generations of Mellott family ownership” Mizrahi says.

Jonathan Schilowitz, another partner at MFG, echoes Mizrahi’s sentiment.

“MFG’s investment in Mellott reflects our philosophy of acquiring founder and family-owned businesses to support their growth over the long term,” Schilowitz says. “The former owners of Mellott and its senior leadership team have built an incredibly strong foundation, and we look forward to supporting the company’s continued expansion.”

Stout, a global investment bank and advisory firm, served as the exclusive financial advisor to Mellott Company in connection with the transaction.

“Mellott has a storied history of excellence, success and has honorably served the most important companies in the industry across decades,” says Steven Rathbone, Stout’s managing director. “Mellott’s unique, diversified business model is a platform from which significant potential for value-creation opportunities will continue to arise. MFG and PNC bring both industry expertise and financial wherewithal to support continued growth as the company continues to serve this key North American industry. The collective investment track record will bring further excellence to the partnership in conjunction with Mellott’s management team led by Rich Blake and Mike Sappenfield.”

This article is tagged with , , , , and posted in News
Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

Comments are closed